The following table shows output per hour for Martha and Stewart who make gift baskets and potholders:
What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who has an absolute advantage in producing potholders? Who has a comparative advantage in producing potholders?

Question

The following table shows output per hour for Martha and Stewart who make gift baskets and potholders:
  What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who has an absolute advantage in producing potholders? Who has a comparative advantage in producing potholders?

Quizplus · Accepted Answer

The Answer of The following table shows output per hour for Martha and Stewart who make gift baskets and potholders:
  What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who has an absolute advantage in producing potholders? Who has a comparative advantage in producing potholders?

The Following Table Shows Output Per Hour for Martha and Stewart